Analysts at TD Securities suggest that while there is little doubt that the Monetary Council (MC) of Hungary will keep rates on hold at today’s meeting, market expectations for tighter policy have been rising given that core CPI inflation ex indirect tax effects moved up to 3.0% Y/Y in January. Key Quotes “Deputy Governor Nagy has previously said that core at 3.0% or higher would be a strong signal for the start of policy normalization, which would be launched even if headline CPI inflation (2.7% Y/Y in January) is below the 3% target. However, we are not expecting the MC to take any concrete measures towards policy normalisation until the March meeting.” “Then the MC would have the latest Inflation Report to hand and the regular quarterly review of liquidity measures would be due. The MC is likely to first start policy normalisation by cutting back on some of the liquidity provided by FX swaps and only later on by actually moving the rate corridor, currently -0.15%/0.9%, higher.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US-German 10-yr yield spread teasing rising wedge breakdown ahead of Powell testimony FX Street 4 years Analysts at TD Securities suggest that while there is little doubt that the Monetary Council (MC) of Hungary will keep rates on hold at today's meeting, market expectations for tighter policy have been rising given that core CPI inflation ex indirect tax effects moved up to 3.0% Y/Y in January. Key Quotes "Deputy Governor Nagy has previously said that core at 3.0% or higher would be a strong signal for the start of policy normalization, which would be launched even if headline CPI inflation (2.7% Y/Y in January) is below the 3% target. However, we are not expecting the MC… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
